she reminded me of the story of her dad who started a family business with one motel out in los angeles. she went on to spansion cisco -- san francisco and it grew to six and everyone knows the hyatt. we are so proud of penny and glad she's stepping back from the private sector to give us the energy and dynamics that we need. her leadership of select usa is one of the reasons that this effort has the potential to grow our country and to grow all of yours for those of you who are here and visiting from so many other countries. we welcome you here. this in the biggest reason select usa will make a difference is frankly, all of you. a group of very capable business leaders, people who are hungry, who understand the dynamics of the marketplace and to our ambitious and come here with a vision for nearly 60 countries around the world and from all across the united states. i said in my confirmation hearing when i was selected to become secretary of state, i said to the senators and former colleagues that in many ways, foreign-policy today is economic policy. leaders in government need to under